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US EXPECTED TO LEAD TRADE BOOM
Bill Mongelluzzo |
The world's major trading nations are poised for a trade boom that will last into the 1990s, an econ
Maritime
LILCO-NY ACCORD COULD HIT RATEPAYERS HARD
Sam Glasser |
The unprecedented tentative agreement between the Long Island Lighting Co. and New York state to shu
PEOPLE - OIL/GAS
From Wire and Staff Reports |
CHEVRON CORP. (San Francisco) - Robert W. Davis, president of Chevron Chemical Co., and John H. Silc
COAL BRIEFS
From Wire and Staff Reports |
Arco Coal Australia To Buy Mine InterestDENVER, Colo. - Arco Coal Australia, a subsidiary of
AIRLINE INDUSTRY BRACES FOR SUMMER TRAVEL RUSH
Dave Higdon |
The U.S. scheduled airlines said Thursday they are prepared for the heaviest summer travel yet but t
Air Cargo
BRITISH AIRWAYS URGES EC TO MOVE ON AVIATION DEREGULATION
Ira Breskin |
In the first major test of liberalized European aviation rules, British Airways is seeking permissio
Air Cargo
JAPAN'S SAVERS SEARCH FOR HIGHER RETURNS
Edwin Whenmouth |
Japanese savers are seeking higher returns on their investments since the introduction of a 20 perce
PROSPERITY SEEN FOR BOX LESSORS
Bruce Barnard |
The world's container leasing industry is poised to reap the benefit of the enormous changes that ha
Maritime
ANERA WON'T IMPOSE TAIWAN-US CHARGE
Mark Magnier |
The Asia North America Eastbound Rate Agreement said it will not impose a scheduled increase in the
Maritime
FINANCIAL BRIEFS
Wire and Staff Reports |
W. GERMAN MONEY GROWTH RATE SLOWSFRANKFURT, West Germany - West Germany's M3 money supply gr
COST OF CREDIT
JOC Staff |
Wed., May 25, 1988 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U.K
CYPRUS MINERALS SETS DEAL TO BUY COPPER OPERATION
Journal of Commerce Staff |
Cyprus Minerals Co., a major nonferrous metals producer, announced Wednesday it had signed a letter
COMMODITY BRIEFS
Wire and Staff Reports |
JAPAN LAWMAKERS PASS FINANCIAL FUTURES LAWTOKYO - The House of Councillors, the upper chambe
AUSTRALIA EXPECTED TO SET NEW RECORD FOR GOLD PRODUCTION
Vincent W. Stove |
Gold production in Australia is expected to hit an all-time high this year. The existing rec
ANOTHER CLASS-ACTION SUIT AGAINST INSURERS IS DROPPED
Journal of Commerce Staff |
Melvin Belli, a San Francisco tort attorney, has dropped a class-action lawsuit accusing the insuran
NEWS SUMMARY
JOC Staff |
AIR CARGO Air cargo industry figure John H. Mahoney is dead. 5BThe American Airlines purcha
MAYTAG RUNNING AT FULL CYCLE
Andrea Chancellor |
The Maytag repairman may not have enough to do, but Maytag Corp. is busy expanding, retooling U.S. p
Maritime
PEOPLE - CHEMICALS
From Wire and Staff Reports |
BAYER USA INC./MOBAY CORP. (Pittsburgh) - Wilhelm C. Ostern, the vice chairman and chief financial o
SETTLEMENT REACHED IN MINE SALE DISPUTE
Journal of Commerce Staff |
The United Mine Workers of America said it reached an out-of-court settlement worth at least $5.4 mi
CHINA GETS LOAN OF $205 MILLION FOR NUCLEAR PLANT
Gary Aderman |
Chase Manhattan Bank is among five lead managers of a US$205 million loan to build China's first com
ANERA PROBES THAI BOX ROW
P.T. Bangsberg |
With no resolution of the stevedoring problems at Bangkok's Klong Toey marine terminals in sight, th
Maritime
AGENCY EXTENDS DEADLINE OF PROBE
Journal of Commerce Staff |
The Federal Maritime Commission decided to allow another two months for completion of its investigat
Maritime
CORRECTION
JOC Staff |
Joseph F.H. Cutrona is the executive director of Nasstrac, the National Small Shipments Traffic Conf
Rail News
NEW REGIME LIKELY TO STRESS EXPORTS
JOSH GOLDSTEIN Journal of Commerce Staff |
The new Hungarian government is expected to accelerate economic reforms, encouraging exports and fre
Maritime
JAPANESE PLAN TO TAKE OFFICE COMPLEX TO SEA
A.E. Cullison |
High real estate prices in Japan's overpopulated capital have encouraged a group of Japanese entrepr
TENNESSEE CHEMICAL MIGHT SELL PLANTS
Journal of Commerce Staff |
Tennessee Chemical Co. may sell off its aluminum sulfate and sulfuric acid manufacturing facilities
AVIATION BRIEFS
From Wire and Staff Reports |
OWNERS, PILOTS PRAISE BURNLEY'S PACE PROBEThe Aircraft Owners and Pilots Association on Mond
Air Cargo
INDUSTRIAL PRICE INDEX
JOC Staff |
Daily Index Textiles Metals Misc.Smoothedpercent Change, -0.79
US TEXTILE MILLS USE LESS COTTON
Knight-Ridder Financial |
U.S. textile mills in April used cotton at a seasonally adjusted annual rate of 7.43 million bales,
CYANAMID TO HALT PRODUCTION OF 2 PRODUCTS AT MO. PLANT
Journal of Commerce Staff |
American Cyanamid Co.'s Agricultural Group will discontinue the production of nitric acid and ammoni
CONN. UTILITY PLANS OIL TANK LEASE-BACK
Journal of Commerce Special |
United Illuminating Co. said it sold and will lease back six fuel storage tanks in a deal meant to c
BOC GROUP GETS DOW CONTRACT
Journal of Commerce Staff |
BOC Group was awarded its first tonnage contract to produce and supply bulk high purity gases in con
SPOT PRODUCT PRICES
JOC Staff |
May 25, 1988 U.S. spot oil products price indications, sellers range, in cents per gallon, f
HOUSE PASSES BILL ON BOAT-HULL PAINT
(Ap) |
The House Tuesday passed and sent to President Reagan legislation to restrict the use of a popular b
Maritime
MARYLAND WILL OPEN TAIWAN TRADE OFFICE
Gary Aderman |
The State of Maryland plans to open a trade promotion office in Taiwan this summer. The offi
Maritime
SUN CARRIERS JOINS RUSH TO BOOST TRUCKING RATES
Leo Abruzzese |
Sun Carriers Inc. has become the latest trucking company planning rate increases to offset the impac
Trucking News
EXPORT BRIEFS
Wire and Staff Reports |
JOINT VENTURE TO PUSH MAIL ORDERS IN JAPANWilliams-Sonoma Inc., distributor of kitchen and h
Maritime
CHINESE WRAP UP US TRADE MISSION
Journal of Commerce Staff |
Some 45 Chinese officials representing major manufacturing and trade concerns will arrive in Los Ang
Maritime
STUDY: REINSURERS COMBINED RATIO IS LEVELING OFF
Journal of Commerce Staff |
The gradual improvement in the combined ratio of U.S. property/casualty reinsurers since 1986 appear
JUDGE DROPS SEAMEN'S SUITS FOR ASBESTOS-RELATED INJURY
James Nolan |
A federal judge in Cleveland dismissed suits by 1,568 seamen who claimed they caught asbestos-relate
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